Opera Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Opera (NASDAQ:OPRA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$123.9m (up 21% from 3Q 2023).
• Net income: US$17.9m (up 6.6% from 3Q 2023).
• Profit margin: 14% (down from 16% in 3Q 2023).
• EPS: US$0.20 (up from US$0.19 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Opera Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 4.8%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 16% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Opera (of which 1 makes us a bit uncomfortable!) you should know about.

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